Key2Profit
ActiveSummary
Key2Profit has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €141k and a net result of €-5k. Equity is growing by ~50% per year across the filed fiscal years. Its solvency ranks better than 51% of 37956 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability66▼-22
Solvency84▼-16
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 2.42 against 7.54 in 2023; short-term debt: 40.7% and cash: 74.1% of total assets), and 40.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
59.2%
Return on assets
-2.2%
Age of the figures
21 mo
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-08-2025, 8 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
8 d late
2023
27 d early
2022
32 d early
2021
37 d early
2020
18 d early
2019
56 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€141k▼ 3.6%
2023 · €147k
2018: €7k
2019: €54k
2020: €28k
2021: €66k
2022: €120k
2023: €147k
2018 → 2024
Total assets
€239k▲ 38.7%
2023 · €172k
2018: €65k
2019: €111k
2020: €61k
2021: €107k
2022: €223k
2023: €172k
2018 → 2024
Net result
€-5k
2023 · €27k
2018: €-23k
2019: €47k
2020: €-26k
2021: €38k
2022: €84k
2023: €27k
2018 → 2024
Working capital
€137k▼ 1.2%
2023 · €139k
2018: €-11k
2019: €40k
2020: €12k
2021: €41k
2022: €97k
2023: €139k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€28k-€66k▲ 136%€120k▲ 81.5%€147k▲ 22.3%€141k▼ 3.6%
Operating result€-28k-€43k€121k▲ 179%€34k▼ 71.6%€-4k
Net result€-26k-€38k€84k▲ 120%€27k▼ 68.1%€-5k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €4k after €34k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €239k
Fixed assets
€4k ▼ 64.0%
Current assets
€234k ▲ 46.1%
Equity and liabilities €239k
Equity
€141k ▼ 3.6%
Debt
€97k ▲ 285%
Debt's share of the balance-sheet total rises from 14.7% to 40.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€3k▼
2023 · €42k
Cash flow
€2k▼
2023 · €34k
Current ratio
2.42▼
2023 · 7.54
Debt to equity
0.69▲
2023 · 0.17
ROE
-3.8%▼
2023 · 18.3%
ROA
-2.2%▼
2023 · 15.6%
Interest coverage
6.23▼
2023 · 110.01
Debt ≤ 1 year
€97k▲
2023 · €21k
Debt > 1 year
€0▼
2023 · €4k
Income taxes
€625▼
2023 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 59 lines
Balance sheet
Code20232024
Assets
Total assets20/58€172k€239k▲
Formation expenses20€0€0=
Fixed assets21/28€11k€4k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€11k€4k▼
Land and buildings22€0€0=
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€11k€4k▼
Leasing and similar rights25€0€0=
Other tangible fixed assets26€0€0=
Assets under construction and advance payments27€0€0=
Financial fixed assets28€553€553=
Current assets29/58€160k€234k▲
Amounts receivable after more than one year29€0-
Trade receivables290€0-
Other amounts receivable291€0-
Stocks and contracts in progress3€0-
Stocks30/36€0-
Contracts in progress37€0-
Amounts receivable within one year40/41€5k€57k▲
Trade receivables40€2k€49k▲
Other amounts receivable41€3k€8k▲
Current investments50/53€0-
Cash at bank and in hand54/58€156k€177k▲
Deferred charges and accrued income490/1€0€994▲
Equity and liabilities
Total equity and liabilities10/49€172k€239k▲
Equity10/15€147k€141k▼
Contributions10/11€30k€30k=
Revaluation surpluses12€0-
Reserves13€1k€1k=
Distributable reserves133€1k€1k=
Profit (loss) carried forward14€115k€110k▼
Amounts payable17/49€25k€97k▲
Amounts payable after more than one year17€4k€0▼
Financial debts170/4€4k€0▼
Amounts payable within one year42/48€21k€97k▲
Current portion of amounts payable after more than one year42€5k€41k▲
Trade debts44€6k€6k▼
Suppliers440/4€6k€6k▼
Advances received on contracts in progress46-€49k
Taxes, remuneration and social security45€6k€1k▼
Taxes450/3€6k€1k▼
Other amounts payable47/48€4k€0▼
Accrued charges and deferred income492/3€0€258▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€172k-
Other operating charges640/8€385€866▲
Gross operating margin9900€214k€4k▼
Operating profit (loss)9901€34k€-4k▼
Financial income75/76B€300-
Recurring financial income75€300-
Financial charges65/66B€380€505▲
Recurring financial charges65€380€505▲
Profit (loss) for the period before taxes9903€34k€-5k▼
Income taxes67/77€8k€625▼
Profit (loss) for the period9904€27k€-5k▼
Profit (loss) for the period to be appropriated9905€27k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€115k€110k▼
Profit (loss) brought forward from the previous period14P€89k€115k▲
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 8 days late
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity quadruplescurrent ratio 7.54
Current ratio from 2.05 to 7.54; short-term debt falls from €92k to €21k.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €84k ▲120%
Operating result €121k, net result €84k, both a record.
31-12
Financial
Equity above €100kEq €120k ▲81.5%
2 profitable years in a row build equity to €120k.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €38k
Net result €38k after one loss-making year.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-26k ▼155%
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €47k
Net result €47k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 2.25
Current ratio from 0.67 to 2.25; short-term debt falls from €34k to €32k.
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Etterbeek · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Priester Cuypersstraat 31040 EtterbeekGround area
325 m²
Building footprint
129 m²
Volume, LiDAR
1,912 m³
Parcel 21005A0542/00B006, Brussels · tallest building 17.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Key2Profit
since 20172.263.875.377
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21005A0542/00B006 | Brussels | 325 m² | 1 · 129 m² | 17.0 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Schameleon
BE 0681.490.128
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Streamline
BE 0805.248.270
Haaltert · Eq €141,347
BYS CONSULTING
BE 0897.323.145
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QUARANTE
BE 0629.895.729
Houthalen-Helchteren · Eq €141,337
SOCIETE MALMEDIENNE DE GESTION ET DE CONSEILS
BE 0417.619.444
Malmedy · Eq €141,329
Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 40,880 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-05-2017
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.